Budget 2024: Major Investment in Urban Housing for the Poor and Middle Class

Tuesday, 23 July 2024, 09:09

In the recent budget announcement, the Union Finance Minister revealed a significant investment of ₹10 lakh crore under the PM Awas Yojana-Urban 2.0. This investment aims to meet the housing needs of the urban poor and middle class. The initiative aims to enhance affordable housing accessibility and provide essential support to those in need, marking a crucial step towards addressing urban housing challenges. Overall, this budgetary allocation demonstrates a strong commitment to improving living standards in urban areas.
Thehindu
Budget 2024: Major Investment in Urban Housing for the Poor and Middle Class

Budget 2024 Overview

The Union Finance Minister has announced an investment of ₹10 lakh crore as part of the Budget 2024 under the PM Awas Yojana-Urban 2.0.

Key Objectives

  • Address Urban Housing Needs: The investment aims to meet the housing requirements of the urban poor and middle class.
  • Enhance Affordable Housing: It focuses on improving the access to affordable housing.

Conclusion

This substantial allocation signifies a decisive move towards resolving urban housing challenges, providing necessary support to enhance living conditions for many.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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